XAUUSD / GOLD / GC Analysis 10-Apr-2025: BULL or BEAR?

 XAUUSD / GOLD / GC Analysis 10-Apr-2025: BULL or BEAR?

CMP 3118

Resistance: 3173

Supports: 3050/2970/2955

There are 3 Probabilities as of now.

1. Flat Correction - Can make new high towards 3167-3200-3250 n fall to 2500 USD

2. Triangle - Can trade between 3170-2400 for couple of weeks/months before next bull run.

3. ZigZag Correction - Direct fall to 2900/750/2500/2400.

We need to wait how gold is going to make it's path.

As per my view, gold next target on the downside 2880-2800 first and further 2750-2650, 2500- positionally.

https://in.tradingview.com/chart/XAUUSD/VNKBZ5jj-XAUUSD-GOLD-GC-Analysis-10-Apr-2025-BULL-or-BEAR/